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It's interesting because what is the balance between continuous...

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264 Posts.

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30/05/23

12:15

Post #: 68032646
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Originally posted by writer: ↑

Yes, the finance crap... being in 'the middle of the mass manufacture process' suggests money is coming from somewhere, but where? Devices available from the end of September fits in with the 'give us six months' comment from CC.

But that's a long time between celebrating sales while waiting for news on financing/recapitalization, US listing and further clinical trial wins/revenue.

Must admit to being a little confused that CC is happy to let SP drift down in this news vacuum. My opinion only, but I don't see the article bringing any new interest to the company. The only thing that will do that is resolution of some, if not all, of the above. Hopefully we don't have to wait until the July Q update for that to happen. Difficult to get any visibility into the previous Q re cash receipts/outgoings and available funding. Absent new clinical trial receipts since end of March, $5M burn with $1.3M cash + $2.2M loan is cutting it fine.

Just have to trust that he's got it all under control.

Thoughts?

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It's interesting because what is the balance between continuous disclosure on the asx vs NASDAQ quiet period. Which takes precedence?

The money to do this is coming from somewhere.

CDX Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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